Non-Cash Payments for Cryptoassets: The 2024 Amendments

An amendment adopted on 24 October 2024 added a new provision on payments for acquiring cryptoassets to the Republic of Armenia’s Law on Non-Cash Transactions.

Archived article: this text describes amendments adopted in 2024. It does not provide a complete account of subsequent legislative changes.

The new Article 6.1 provided that payments made and received for the transfer of a cryptoasset, or for acquiring ownership of it on other grounds, must be non-cash, regardless of the amount payable. The Law was scheduled to enter into force on 1 January 2026.

At the same time, Article 589 of the Civil Code of the Republic of Armenia was supplemented with a provision prohibiting the transfer of goods or property other than cryptoassets in exchange for a cryptoasset under a barter agreement. An agreement concluded in breach of this requirement was void.

ՀՕ-395-Ն / HO-395-N · ՀՕ-394-Ն / HO-394-N